Allcargo Terminals Limited (NSEI:ATL) intends to acquire the remaining 15% stake in DBC Port Logistics Limited from Ashish Chandna for approximately INR 220 million on January 17, 2025. Upon completion, Allcargo Terminals Limited will own 100% stake in DBC Port Logistics Limited. As of March 10, 2025, Allcargo Terminals Limited (NSEI:ATL) entered into Share Purchase Agreement to acquire the remaining 15% stake in DBC Port Logistics Limited from Ashish Chandna.

For the period ending March 31, 2024, DBC Port Logistics Limited reported total revenue of INR 2.36 billion.

The transaction is subject to the approval of acquirer board. The deal has been approved by the board.